The past month has been a roller-coaster ride for cryptocurrency trading. There were so many uncertainties crowding the market, Bitcoin was down below the $20,000 mark, and several other digital assets showed a downward trend.
So, it is not surprising that the predictions of crypto winter and the crypto bear market have all come true. There is no respite to be seen for this drastically harsh crypto winter to end, with the market fluctuations at an all-time high.
Hence, with all this in place, there are questions about whether it is safe to invest in cryptocurrencies or whether we should HODL our assets and sit tight. While the speculations of a bear market and winter are all true, the fact is that the crypto market is showing behavior that is quite normal and well within its usual trend. Also, the bear market is the best time to invest and stake the favorite and trending cryptos for a long-time gain.
While most coins are showing a downward trend, let us look at the five best cryptos in the market to watch out for and invest in this July.
Anchor Protocol (ANC):
Anchor protocol coin, ANC has shown a significant promise this past month. The last month of June 2022 has seen a steady increase of about 13.22% in its price. Although it’s showing a downward trend, it shows promises considering the rise in price and the trends in the past 15 days. The circulating supply of ANC at present is 350, 381, 852.323 ANC.
Solana (SOL):
Ranked number 3 after Ethereum and Bitcoin, Solana shows a promise because of the solid backup support and fan following. There is a sharp decrease in prices by about 14.40% in the last week of June 2022. But, Solana shows promise of rebound, according to the expert predictions and trends. The current circulating supply of SOL in the market is 342, 89, 509.966.
Binance Coin (BNB):
Again, another coin shows a good fan following with a robust backup plan. The last week of June 2022 has not been good for BNB, with the price falling by 0.15%. However, the second and third weeks of June saw BNB rise and remain steady in its pricing, thereby giving intense competition to other major coins. BNB is another coin to look for in July 2022 if it remains true to its trends. The circulating supply of BNB stands at 17, 547, 224, 379.459.
Avalanche (AVAX):
If you want to invest in an altcoin, then AVAX can work this July 2022. The price has fallen the past week by about 6.70%, like many others in the market. But, AVAX can surprise us if the past predictions are correct and it remains true to the form. There are about 282, 309, 031.573 AVAX in the market.
Polygon (MATIC):
Another Ethereum token, MATIC, had been on the rise in June, even when the other altcoins were crashing. Although, MATIC too soon followed up the others in the last week of June by about 16.79%. While the crypto winter might be a challenging time for almost all cryptocurrencies, including MATIC, this coin from the Polygon network might surprise us with its sudden price swing. Keep a watch on the trends this July! The current circulating supply of MATIC stands at 8, 006, 803, 852.62.
We have not mentioned the more obvious choices, such as Bitcoin and Ethereum, because they are constantly in the news. The Crypto community keeps a close watch out for any upswings or downswings; therefore, both ETH and BTC remain forerunners in the market watch.
Now, while it is definite that the crypto winter and the present uncertain trends will continue in July, too, it is not yet alarming, and neither is it unusual.
The cryptocurrency market has always been volatile, sometimes more and sometimes less. There were examples of 2018 when Bitcoin lost half its market cap, and other coins such as Ethereum and Litecoin declined heavily in the market. So, considering the past events and what we have today- a more advanced technology to back it up, cryptocurrencies will bounce back very soon.
